NEW YORK - Federal Reserve Bank of Richmond President Thomas Barkin said on Tuesday that the U.S. central bank still has time to decide on its next interest rate move as anecdotal information points to an economy that’s slowing amid a cooling trend in inflation pressures.
Rising borrowing costs driven by higher bond yields coupled with an extended trend of falling inflation data have led many to believe the Fed is done with rate increases and will leave its current target rate range at between 5.25% and 5.5% for an extended period. A number of Fed officials have said over recent days they believe the Fed is at or near the peak of its rate rise cycle.
Barkin also warned that Fed policy is still subject to events out of its control due to things like unrest in the Middle East.The former Missouri Democratic senator warned how he could suffer at the hands of the "crazy caucus" of House Republicans.Comedy CentralYou can’t fix crazy, but you can document it—which is fortunate for Jordan Klepper.
A 15-year-old aspiring journalist who had made Ron DeSantis squirm with his questioning was thrown out of a GOP event by police
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